Hey Bill, You’re missing something.
In 1966, the National average wage was $4,938.36.
.18 is 0.00364493476% of 4938.36.
Today a McDonalds cheeseburger is $1 on the dollar menu and a small fries is $1.39 for a total of $2.39.
The National average wage for 2017 is $48,642.15.
2.39 is 0.00491343413% of 48642.15 So the price is basically the SAME.
When we remember (usually fondly) the previous price of things, we tend to forget how little we made in our salaries!
Yup. I bought a 3-2-2 house in 1971 in San Jose for $71,000. That's probably a million dollar house today.